Do you have a Trust?
What?
Distribution Declaration (“MUST”)
How?
In writing, stating “who gets what/how much.” Please find attached our template that you can print off and complete. We will be in contact with you to make sure that this is done before 30 June 2021.
When?
Before 1 July 2021 (“MUST”)
Who?
The trustee of the trust (a person, or a director of the trustee company) (“MUST”)
Why?
If not done, the trust will be taxed on all income at the top marginal rate of 45%
More?
For more information, please click here or, as always, please feel free to contact Bowden Liberatore offices on 07 3879 3303.